Will Loan Modifications Count As A New Mortgage Loan
Unlike a refinance, a loan modification doesn't pay off the current mortgage and replace it with a new one. Instead, it directly changes the conditions of the loan.
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Can Assets Be Transferred If Payments Are Still Left (Mortgage or Loan)
Yes, one can transfer assets with payments still left. For example, a car will have a Bill of Sale stating the loan amount left. A home will have the Quitclaim Deed showing the amount still remaining for the mortgage.
Can This Remove A Mortgage / Home Loan
Debt Removal Secrets will not work if one still possesses the home. A home is considered a secured debt because an asset can be seized. If the the home is no longer in one's possession, the debt / derogatory mark itself can be removed from the credit ...
Is A New Loan Required or Can The Existing Loan Be Used
Yes and no. Most students restructure their financing via the guidelines in the program; however, it's not necessary because 3 different methods are taught. One system doesn't require a new loan, but the most efficient system requires a refinance ...
Can The Home Loan Be Recast To Lower Payment & Interest
Yes. A loan recast is when the lender will reamortize the loan with the new (lower) balance. It is typically used when one has paid a lump sum toward the outstanding balance, in turn reducing the remaining monthly payments and interest. When a loan ...
Will This Mortgage Work with Bad Credit
If a new loan is required, qualifying for that loan requires a good score and/or equity. If one has good equity, it might be easier. That said, we include High Credit Secrets ($297) for FREE to show how anyone can improve their credit score and ...